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home / news releases / FBP - First BanCorp: Attractive Earnings Yield And Growth Potential - Target Price $11/Share

FBP - First BanCorp: Attractive Earnings Yield And Growth Potential - Target Price $11/Share

First BanCorp.
  • FBP currently trades at tangible book value ($8/share).
  • First BanCorp acquired Banco Santander de Puerto Rico (BSPR) in 2020 and is now one of top three banks in Puerto Rico.
  • Market is ignoring FPB's earnings and growth potential, its strong capitalization, cost savings from the BSPR acquisition, and expected positive impact from near-term economic recovery.
  • Investors can buy FBP at $8/share and effectively get a free call option on future earnings.
  • Recommendation: Buy.

For further details see:

First BanCorp: Attractive Earnings Yield And Growth Potential - Target Price $11/Share
Stock Information
Company Name: First BanCorp.
Stock Symbol: FBP
Market: NYSE
Website: 1firstbank.com
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